Look-alike hedge funds' 2014 returns top originals' performance

April 23, 2015 7:06 PM

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BOSTON, April 23 (Reuters) - Liquid alternative products, the look-alike hedge funds wooing customers with promises of getting their money back more easily and paying lower fees to have it managed, now have something else to brag about: superior returns.

The average alternative mutual fund returned 4.36 percent in 2014, handily beating the average hedge fund's 3.78 percent return, industry research firm Preqin reported on Thursday.

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